To: Mayor Michael Bloomberg, NYC City Council, Jacob Javits Center, the Real Estate Disposition Corporation

This weekend, on March 8, the Real Estate Disposition Corporation is planning an auction to sell off more than 735 foreclosed homes.

The houses being sold to the highest bidder are the homes of poor and working people who lived in places like Brooklyn, Queens, Bronx, Newark, Long Island, upstate New York, and Pennslyvania who were forced out of their homes by Citibank, Bank of America, Wells Fargo, JP Morgan-Chase and other banks. These same bankers have received hundreds of billions of dollars of bail out money.

At a time when an estimated 15,000 families are being evicted from their homes each day and the number of job layoffs per month in the U.S. is rapidly approaching one million a month, we cannot and must not be indifferent about the ugly spectacle of the auctioning of the homes of displaced families.

In the biggest economic crisis since the depression of the 30’s, these auctions should not be taking place; they are a symptom of the cruel and criminal mass eviction campaign that will continue to grow until people unite and say 'No More!'

Today, the Obama administration announced a $75 billion plan for the federal government to essentially take over the failed mortgage industry. Mortgage companies now have a duty to modify virtually every housing loan before foreclosing. Until this plan is completely in place and people have a chance to take make use of the process, every single foreclosure now taking place is in violation of Federal Law - 12 USC 5219 and the Housing and Economic Recovery Act (HERA).

I call upon the City of New York to stop the March 8 auction and I demand an immediate moratorium all foreclosures and evictions.

I call upon the Jacob Javits Center and the Real Estate Disposition Corporation to cancel the auction, set up to allow financial predators to profit from throwing people out on the street.

No more foreclosed home auctions!
No more foreclosures and evictions!
Immediate moratorium on foreclosures and evictions!

Sincerely,
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